TDS Return

Every person liable to deduct tax at source is liable to file a return of tax deducted at source i.e TDS Return. ‘Person’ can be Company, firm, LLP, Individual liable to tax audit in the previous financial year etc.

Tax deducted by the deductor has to be paid to the Govt. account within 7 days from the end of the month of deduction.

TDS Return is to be filed once for every quarter of the financial year.

The due dates for filing the TDS Returns for various quarters are as follows:

S.No.

Date of ending of quarter of Financial Year

Quarter of the Financial Year

Due date for filing TDS Returns

1.

30thJune

1stQtr

31stJuly of the financial Year

2.

30thSeptember

2ndQtr

31stOctober of the financial Year

3.

31stDecember

3rdQtr

31stJanuary of the financial Year

4.

31stMarch

4th Qtr

31stMay of the financial Year immediately following the financial year in which the deduction is made

There is a late fee of Rs. 200/- per day(limited to the amount of TDS) u/s 234E of the Income Tax Act’1961 for delay in filing the TDS Return.

After filing the returns, The TDS Certificates in form 16 and 16A are to be downloaded and issued to the deductees/payees within 15 days from the due date for filing the TDS Returns.

There is a late fee of Rs. 100/- per day for delay in furnishing the TDS certificates in form 16 and 16A.

Our Tax experts will file your TDS returns.

Procedure for filing TDS Returns:

Collection of Documents
Collection of necessary documents for the preparation of TDS return

Computation of TDS
We will compute the TDS and prepare the challan for payment of TDS.

Payment of challan of TDS
Payment of TDS in challan ITNS 281 by the client.

Filing of TDS Returns
Preparation and filing TDS return with the Income Tax department.

About

Youronlinefilings believes in building relationships with their clients, and we view these relationships as partnerships. Our service is founded on the principles of commitment, dedication and professionalism.

Quick Contact

Blog

About Us

Youronlinefilings believes in building relationships with their clients, and we view these relationships as partnerships. Our service is founded on the principles of commitment, dedication and professionalism.